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Fannie Mae. The Federal National Mortgage Association (FNMA), commonly known as Fannie Mae, is a United States government-sponsored enterprise (GSE) and, since 1968, a publicly traded company. Founded in 1938 during the Great Depression as part of the New Deal, [2] the corporation's purpose is to expand the secondary mortgage market by ...
Fannie Mae's Reston, Virginia, facility. The GSE business model has outperformed any other real estate business throughout its existence. According to the Annual Report to Congress, [13] filed by the Federal Housing Finance Agency, over a span of 37 years, from 1971 through 2007, Fannie Mae's average annual loss rate on its mortgage book was about four basis points.
Fannie Mae was established by the Congressional Fannie Mae (FNMA) Charter Act in 1938. In the wake of the Great Depression, nearly a quarter of U.S. homeowners lost their properties to foreclosure ...
The Federal Home Loan Mortgage Corporation (FHLMC), commonly known as Freddie Mac, is a publicly traded, government-sponsored enterprise (GSE), headquartered in Tysons, Virginia. [ 3 ][ 4 ] The FHLMC was created in 1970 to expand the secondary market for mortgages in the US. Along with its sister organization, the Federal National Mortgage ...
It's the end of an era: Mortgage giants Fannie Mae and Freddie Mac no longer will be traded on the New York Stock Exchange. The Federal Housing Finance Agency made the request. From now on, both ...
Government-sponsored mortgage enterprise Fannie Mae has had an amazing year, with its stock having soared 990% so far in 2013. As recently as February, most investors had given up Fannie Mae and ...
Fannie Mae and Freddie Mac also have slightly different requirements for the mortgages they purchase. In both cases, Fannie and Freddie loans must be conforming loans , or adhere to these ...
2100 Pennsylvania Ave NW Ste 450N, Washington, D.C. , United States of America. Website. www.farmermac.com. The Federal Agricultural Mortgage Corporation, also known as Farmer Mac, is a stockholder-owned, publicly traded company that was chartered by the United States federal government in 1988 to serve as a secondary market in agricultural ...